Sula Vineyards to launch IPO

According to some sources, Nashik-based Sula Vineyards is expected to hold an initial public offering during 12th-14th December. If Sula goes public, it will most possibly be India’s first pure-play brewer IPO. Here it deserves a mention that Sula Vineyards is backed by Verlinvest, a consumer-focused Belgian family office that is poised to participate in OFS.

Allied Blenders & Distillers of Officer’s Choice fame is another liquor company from India that lodged a DRHP (draft red herring prospectus) with Sebi earlier this year.